How do I Record Commission Deposits Received after the Closing
Normally, the receipt of commission deposits is done while user is closing a transaction on the screen: Properties > Post. If user doesn't record the commission received at that time, this article will explain how to record the record it later.
Remember, all payments ( commission payments, agent payments, escrow payments ) need to be put on a deposit slip - which is a separate step
- Click the Sales button
- Click the Add Payments submenu
- The page shows all the properties that user closed without recording the commission receipt.
- For multiple companies, user may use the search button to filter results.
- Set the payment date by typing on the field or selecting it in calendar
- Select the payments from the list that user will receive by checking the box
- Type the amount on the field if the property only received a partial payment
- After selecting payments from the list, click the post button
- Click the yes button to record all the selected payments
Items that are recorded being paid in full will be removed from the list, because they no longer have a balance due
When user go to the deposit screen to record the deposits for the day before taking them to the bank, user will see these items available on the list of Undeposited items waiting to be added to a deposit slip.
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